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Still Bright raises $18.7M in seed funding led by Material Impact and Breakthrough Energy Ventures to expand operations and development efforts.

PRIVATEAug 04, 2025

Amount Raised

$18.7 Million

Round Type

Seed

NewarkMining

Investors

SosvAzolla VenturesFortescueImpact Science VenturesMaterial ImpactBreakthrough Energy Ventures

Description

Still Bright, a Newark, N.J.-based copper extraction tech developer, raised $18.7M in seed funding. The round was led by Material Impact and Breakthrough Energy Ventures with participation from Azolla Ventures, Fortescue, Impact Science Ventures, and SOSV. The company intends to use the funds to expand operations and its development efforts. Its RACER technology promises to streamline permitting and unlock a domestic copper supply chain.

Quick answer

Still Bright raised $18.7 Million in a Seed round, dated August 4, 2025. Investors: Sosv, Azolla Ventures, Fortescue, Impact Science Ventures, Material Impact and Breakthrough Energy Ventures. Still Bright is based in Newark, New Jersey, United States.

How much did Still Bright raise?
Still Bright raised $18.7 Million in a Seed round on August 4, 2025.
Who invested in Still Bright?
Sosv, Azolla Ventures, Fortescue, Impact Science Ventures, Material Impact and Breakthrough Energy Ventures are named as investors in this round.
What does Still Bright do?
Still Bright is developing a patented hydrometallurgical process that enables the fastest conversion of concentrated copper ore to refined copper observed to date at room temperature and pressure.
Where is Still Bright based and how big is it?
Still Bright is based in Newark, New Jersey, United States.
Who are the decision-makers at Still Bright?
Fundz holds 1 contact at Still Bright. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Mining around the same time

Companies in the same sectors as Still Bright that raised within 45 days of this round, from Fundz verified event records.

  • Mkango Rare Earths Limited raised $4.1M (Seed) on September 18, 2025.
  • Montauban Claims raised $82K on September 18, 2025.
  • Minera Alamos raised $46M on September 17, 2025.
  • Mayfair Gold Corp raised $3.3M (Seed) on September 16, 2025.
  • Silver47 Exploration raised $400K (Seed) on September 16, 2025.
  • Lion Rock Resources raised $662K (Seed) on September 15, 2025.

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Company Information

Company

Still Bright

Location

Newark, New Jersey, United States

About

Still Bright is developing a patented hydrometallurgical process that enables the fastest conversion of concentrated copper ore to refined copper observed to date at room temperature and pressure. The rapid reaction rates and ambient conditions correlate to low capital costs and operating costs, respectively. The process leverages electrochemical technologies already prevalent in other industries to carry out the reaction chemistry. The conversion can also be 100% electrified and powered by renewable energy. Still Bright's proprietary technology solves for the fact that global copper demand is rapidly growing, while production is detrimental to the environment and increasingly constrained.

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